Aircraft Ground Support Equipment Market to Surge at 6.8% CAGR, Hitting US$ 17.43 Bn by 2031, According to PMR Study

➤ Introduction

The global aircraft ground support equipment (GSE) market has witnessed substantial growth in recent years, driven by the steady expansion of air travel, increasing investments in airport infrastructure, and rising demand for efficient aircraft turnaround operations. Ground support equipment plays a crucial role in ensuring the smooth functioning of aircraft while parked at airports, supporting essential services such as aircraft refueling, baggage handling, passenger boarding, aircraft maintenance, and cargo loading.

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With the surge in air passenger traffic, growth in e-commerce-driven air cargo, and modernization of airport facilities worldwide, the demand for advanced, eco-friendly, and automated GSE is on the rise. This report provides an in-depth analysis of the aircraft ground support equipment market, including market projections, key growth drivers, challenges, emerging trends, segmentation, and the competitive landscape.

➤ Market Projections and Forecast

According to industry estimates, the aircraft ground support equipment market is estimated to increase from US$11 Bn in 2024 to US$17.43 Bn by 2031. The market is projected to record a CAGR of 6.8% during the forecast period from 2024 to 2031.

The rising focus on reducing aircraft turnaround time, the adoption of electric and hybrid GSE, and continuous airport expansion projects in both developed and emerging economies will be key factors fueling market growth. Regions such as Asia-Pacific and the Middle East are expected to be high-growth hubs due to rapid aviation industry development and heavy airport infrastructure investments.

➤ Market Dynamics

Drivers of Market Growth

Rising Global Air Traffic:
The increasing number of air passengers and cargo flights is directly boosting the need for efficient ground handling services, driving demand for new and upgraded GSE.

Airport Expansion and Modernization:
Governments and private airport operators are investing heavily in expanding airport infrastructure, fueling demand for advanced GSE for operations ranging from baggage handling to aircraft towing.

Shift Toward Eco-Friendly and Electric GSE:
To reduce emissions and improve sustainability, airports are rapidly adopting electric and hybrid-powered ground support equipment, supported by government regulations and green airport initiatives.

Increasing Air Cargo Demand:
E-commerce and international trade growth have accelerated air freight volumes, increasing the need for specialized cargo handling equipment.

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➤ Challenges in the Market

High Initial Investment and Maintenance Costs:
Modern GSE, especially electric variants, involve significant upfront investment, which can pose challenges for smaller ground handling companies.

Fluctuations in Aviation Industry Growth:
Economic downturns, geopolitical conflicts, or pandemics can disrupt air travel demand, directly impacting GSE procurement and utilization.

Infrastructure and Power Limitations:
Transitioning to electric GSE requires adequate charging infrastructure and reliable power supply, which remain limited at many airports globally.

Skilled Workforce Shortages:
The operation of advanced and automated GSE demands skilled technicians, and the shortage of trained personnel can slow adoption.

➤ Market Trends and Technological Innovations

Electrification of GSE: Rapid adoption of electric baggage tractors, passenger buses, and ground power units to reduce airport emissions.

Automation and AI Integration: Deployment of autonomous baggage handling systems and AI-driven fleet management solutions to enhance efficiency.

Predictive Maintenance Solutions: Use of IoT-enabled GSE to monitor equipment performance and reduce downtime through predictive analytics.

Modular and Multi-Purpose Equipment: Development of flexible GSE that can handle multiple functions, lowering costs for operators.

Sustainability Initiatives: Airports and airlines are partnering with GSE manufacturers to implement eco-friendly designs and recyclable materials.

➤ Aircraft Ground Support Equipment Market Segmentation

By Equipment

Passenger Service
Airport Service
Cargo Loading
Container Loaders
Belt Loaders
Cargo Transporters

By Power

Electric
Non-Electric
Hybrid

By Ownership

New Sales
Rental

By End User

Commercial Airports
Military Airports
Private Airports

By Region

North America
Latin America
Europe
South Asia & Oceania
East Asia
The Middle East & Africa

➤ Key Companies Profiled in the Report

JBT Corporation
TLD Group (Alvest Group)
Textron Ground Support Equipment Inc.
Cavotec SA
Tronair Inc.
Mallaghan Engineering Ltd.
Guangtai Airport Equipment Co., Ltd.
MULAG Fahrzeugwerk
John Bean Technologies Corporation
Weihai Guangtai Airport Equipment

➤ Future Outlook

The global aircraft ground support equipment market is set for consistent growth as airports and airlines increasingly prioritize efficiency, safety, and sustainability in ground operations. The adoption of electric and automated GSE will be a key differentiator, while Asia-Pacific and Middle Eastern markets will offer lucrative opportunities for manufacturers.

However, challenges such as high investment costs, workforce shortages, and dependency on aviation industry cycles must be addressed. Companies focusing on innovation, eco-friendly product portfolios, and integrated digital solutions are expected to secure a competitive edge in this evolving market landscape

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About Persistence Market Research:

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This release was published on openPR.